CRS, U.S.-South Korea Trade Landscape, Tariffs, 2025 Deal, and Ongoing §301 Probes

The U.S. has applied layered tariffs on South Korean goods since 2025 under §232, §301, §122, and IEEPA authority, partially offset by the 2025 U.S.-Korea Strategic Trade and Investment Deal that capped auto and pharma tariffs at 15% and reduced the country-specific rate from 25% to 15%. A July 2026 §301 tariff of 12.5% on most South Korean goods-tied to forced-labor import enforcement...